May 12, 2017 / 12:54 PM / in 6 months

U.S. TIPS breakeven rates fall as April CPI disappoints

NEW YORK, May 12 (Reuters) - The U.S. bond market’s gauges on inflation expectations turned lower on Friday, erasing earlier gains as a government gauge in consumer prices in April rose less than analysts’ forecast, raising concerns when domestic inflation would reach the Federal Reserve’s 2-percent goal.

The 10-year inflation breakeven rate, or the yield difference between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, was last at 1.89 percent, down nearly 2 basis points from Thursday, Tradeweb data showed. (Reporting by Richard Leong)

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